Business Auto Exposures & Coverage

Upon completion of this course, agents will be able to understand the exposures faced by businesses for their automobiles and the business automobile insurance forms, endorsements and coverage options available to provide coverage for these exposures. They will be able to explain both the exclusions and coverage options to clients, assisting them in identifying business automobile exposures, and selecting proper coverage options to treat them. This course discusses the business auto policy as well as an in-depth discussion of definitions, conditions, and the additional endorsements available to tailor the policy to meet the insured’s individual needs.

Kentucky State Requirements

Updated: 12/13/2013

Continuing Education Information

All individual resident agents are subject to continuing education for every major line of authority: life, health, property, casualty, variable life and variable annuity, and personal lines. The following limited lines of authority are exempt: credit, crop, surety and travel as identified in KRS 304.9-230. The continuing education requirement of 24 hours for each continuing education biennium, must be completed the last day of your birth month, odd or even numbered years, depending on the year you were born.

Only courses prior-approved by the department or from the midwest zone will be accepted as approved credit hours.

All 24 hours of continuing education may now be classroom, correspondence, or a combination of the two. A course may only be credited one time during the biennium. At least six hours must be directly related to one or more of the agent's active lines of authority, and three hours must be in ethics.

The agent's lines of authority requiring continuing education will automaticially terminate if the agent fails to complete the continuing education requirement by the deadline or fails to verify with the Department the completion of the courses within 60 days of the last day of the birth month, odd or even year depending on the birth year.

Before selling, soliciting, or negotiating annuity products in Kentucky, producers must complete a one-time annuity training course approved for at least 4 hours. *Residents who satisfy the training requirements of another state that are similar to the Kentucky law will be deemed compliant for the Kentucky requirement.

If the agent has no remaining lines of authority, the license will terminate and the agent must return the license certificate to the department without demand. If the agent has one or more limited lines of authority (credit, crop, motor vehicle physical damage, surety and travel), the license will not terminate. However, the agent must return the license certificate to the department so we can reprint the license with the lines of authority that are still active. If an agent's license or line of authority terminates for failing to meet continuing education requirements, the agent has up to one year from the date of termination to complete the delinquent hours to have the license or line of authority reissued.

Continuing Education Compliance Date

Same as license renewal date.

License Renewal Date

License renewal date is the agent's date of birth biennially. Licensee's born in odd numbered years report in odd years, even numbered years report even years.

Type of Courses Accepted for CE Credit

Independent self study courses or classroom courses.

Carryover Requirements

A maximum of 12 classroom or self-study hours may be carried over to the next reporting period.

Course Repetition

Courses may not be taken for credit more than once in a 2 year period.

Final Exam

Self-study final exams are not required to be monitored.

Exemptions

Individuals with a limited line license for which an exam is not required.

Individuals licensed less than a year at the time of compliance.

Adjusters

Solicitors with limited licenses

Method to Certify Completion

You will be able to print your certificate of completion online once you have completed your exam. The agent sends their original certificate of completion to the Department of Insurance with their renewal form; agent must maintain a copy for at least three years.

Nonresidents

Exempt if home state requirements are met by compliance date. The insurance department will use the PDB to verify home state license status.

Course Format

System Requirements: Please note that Mozilla firefox 20 download here or Internet explorer 9 or higher:Download hereare required to view our website when you wish to access the learning center. You should also note that taking courses over a wireless internet connection is not advised. When taking your exams you should try to be on a wired internet connection to your computer.

This course automatically includes a downloadable textbook and/or other course materials which you may print if you desire. When you are finished studying your course, the exam is taken online and it is graded immediately. In most states you can also print your own certificate of completion, if you pass. There is no additional charge if you complete your course and exam completely online.

If you prefer, however, you may purchase a printed book and/or printed exam at additional cost.

You have 3 options if purchasing the course outside a subscription:

Online book and online exam - included in price - You receive no printed materials-everything is online.

Printed book and online exam - $5 additional - You receive a printed book but take your exam online.

Printed book and printed exam - $10 additional - You receive a printed book and printed exam which you mail or fax to us for grading.

For options 2 and 3, you will be able to choose either regular or express shipping during checkout.

Please choose your option carefully!There is no refund for printed materials or exams ordered by mistake!

If your state requires monitored exams, you must have your monitor sign-in and follow the monitor instructions BEFORE you begin the exam. See the State Information tab, Monitor tab and Help Center for more information.

How to Redeem Vouchers

If you have received a CE voucher from an insurance company or wholesaler, you can redeem it by following these instructions.

Be sure to enter your Voucher Code when checking out to apply your discount.

You will be able to download the study materials immediately by clicking the red "Download Course" on your receipt. It will also be emailed to you and will be available for one year in your customer account.

You will also be provided with a link and information to access the exam.

Your voucher covers an online book, online exam, grading and one CE certificate for insurance. It DOES NOT INCLUDE printed books, printed exams, state fees or CE certificate(s) or reporting for additional designations or types of CE, although they are available as options for additional charge.

If you choose printed books or exams, you will be charged the balance due during checkout.

If your state charges a fee to report your credit, this fee is due from you. When you check-out, you must pay this fee in order to access the course and obtain CE credit.

After you pass your exam, you will be able to purchase CE certificates for professional designations such as CFP, CPE, etc. you will be charged $10 for each one. Please DO NOT order these additional certificates unless you currently hold that professional designation. There are NO REFUNDS for additional certificates ordered and not needed.